Skip navigation
logo
(AFX UK Focus) 2009-11-11 21:39
UPDATE 1-Canada's Onex takes quarterly loss
Article layout: raw

TORONTO, Nov 11 (Reuters) - Canadian private-equity firm Onex Corp said on Wednesday its took a loss in the third quarter, due largely to goodwill impairment charges stemming from its stake in aircraft manufacturer Hawker Beechcraft.
Onex said it lost $180 million ($171 million), or C$1.48 a share, in the three months ended Sept 30. That compared with a profit of C$38 million, or 30 Canadian cents a share reported for the same period a year earlier.
Revenue in the quarter dropped 14 percent to C$6.1 billion, the company said.

The company said it has about C$900 million in cash or liquid investments, no debt and US$3.5 billion of uncalled third-party capital available, making it "well positioned to actively participate in significant investment opportunities."
($1=$1.05 Canadian)

(Reporting by Cameron French and Pav Jordan; Editing by Jeffrey Hodgson) Keywords: ONEX/ (pav.jordan@reuters.com; +1-416-941-8009; Reuters Messaging: pawel.jordan.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Earnings, profit forecasts
Financings and investments
General news
Article layout: raw
Jump back to site navigation